As 90-95% of new forex traders lose money within the first 3-6 months this article helps to guide new forex traders by asking 5 questions that the forex trader needs to know prior to back-testing their forex system.

Let us jump right in…

1. What data type are you using (or going to use)?

I know this sounds strange, especially if you have experience from another market such as stocks as their generally is only one type of data source available. However, in the forex market you can have up to 4 different data types: bid, ask, mid and indicative. Each have their own little nuances.

If you would like to know more about the data types then visit the article written about the perils of indicative prices. As this will save me from having to repeat the information again and boring those who’ve already read it.

So, if you know you have indicative prices then you know you’re in for some good results! However, if you have any of the other three you need to be careful on how stop and limit orders are placed.

(more…)

Many online business owners and marketers use a variety of tools to make their business successful. Good strategies include maintaining a web site, publishing an ezine, joining affiliate programs, advertising on other people’s ezines, and much, much more. As any good Internet “guru” will tell you, getting your name and product “out there” is the most important part of your success. So, the general rule is: Use as many strategies as possible.

What I suggest is that you take this rule one step farther. What I think works best is combining as many of the strategies together, as possible. In other words, when you can, build your own network, using the tools you already have in place. And I’m using the word network, as it relates to networking your online systems — not in the sense of a prospect or client network, though I have some tips on that, near the end of this article.

(more…)

Everyone loves money. Every day there is more and more ways to earn money. One way is to earn money online. There is hundreds of ways to earn money online. I hope to guide you through some of the ways to earn money. I will also inform you on some of the scams that say you can earn lots of money with little work. Hopefully you won’t fall victim to any scam and wasting time and money. One key thing to remember is if you find any money making opportunity that asks you to pay money before you can earn money it probably a scam.

To earn money online you can fill out surveys for money. Some survey sites let you earn points and later exchange them for cash.Other survey sites will pay you cash. There are also survey sites that give you merchandise for filling you surveys. Some sites say you can earn up to $250 per survey, but they ask you to pay them money to get the surveys. I would stay away from those sites unless you have money to blow(but who does). You can earn money by selling things on Ebay. By being an affiliate can earn you money. This way is the easiest way to earn money online and affiliates are in high demand. (more…)